Thu 04 Apr 2007Spanish property market jitters shake Irish
investorsThe risk of "a more abrupt slowdown" will occupy the minds of
investors in both the Spanish and Irish property markets, it was
claimed yesterday, as the steep drops in the value of Spanish real
estate companies on Tuesday continued to have knock-on effects on
the Irish Stock Exchange.Drawing parallels between the two markets, Goodbody Stockbrokers
economist Dermot O'Leary said housing activity in both Spain and
Ireland was "obviously unsustainable".